2 ms·
I agree that increasing wages is definitely a good way to get more folks in the door! That said, a very real problem here is the fact that health care and basi
by sailfast 8y ago
I agree that increasing wages is definitely a good way to get more folks in the door!
That said, a very real problem here is the fact that health care and basic benefits costs have been increasing significantly over the past 10 years but it's much harder to convince an employee of that value vs. dollars in the door on a salary number.
Just keeping your health care premiums steady year over year as an employer could be the equivalent of a huge wage increase, but your employees won't see it that way because nobody understands the true costs of care.
Nobody says "Thanks for the 10% raise" when they get to keep their benefits. This is only part of the problem with "you should try paying more." as an argument.
That said - for jobs without benefits especially, paying more should be the first reaction to this, 100%.
- jcadam 8y agoYea, in my industry most employers give a piddly 2-3% annual COL raise, which is then whittled down to nothing (or less than nothing) after the new "changes to our medical benefits to align us with the rest of the industry and make us more competitive" are announced during open enrollment each fall. Factor in inflation and you effectively take a pay cut every year until you 'hop' to your next job.